Scripps Reports Q4 EPS of $0.37 vs. $0.48

The E.W. Scripps Company SSP reported operating results for the fourth quarter of 2010 that included significantly higher operating income, led by the strong performance of the television division. Consolidated revenues from continuing operations were $220 million, an increase of 12.1 percent from $196 million in the fourth quarter of 2009. In the fourth quarter of 2010, the company reported income from continuing operations before income taxes of $28.5 million, compared with $12.9 million in the 2009 quarter. Income from continuing operations, net of tax, was $23.7 million, or 37 cents per share, in the 2010 quarter, compared with income from continuing operations, net of tax, of $12.3 million, or 19 cents per share, in the 2009 quarter.